<h1>Government Approves 15 FDI Proposals Worth Rs. 7261.6 Crore; Major Investments in Insurance, IT, and Pharma Sectors.</h1> The government has approved 15 Foreign Direct Investment (FDI) proposals totaling approximately Rs. 7261.6 crore, following recommendations from the Foreign Investment Promotion Board. Additionally, one proposal involving Rs. 6885 crore has been recommended for Cabinet Committee on Economic Affairs approval. Approved proposals span various sectors, including IT, insurance, and pharmaceuticals, with significant investments in insurance companies seeking to increase foreign equity from 26% to 49%. Eight proposals were deferred, ten rejected, and one withdrawn. Notable approvals include increased foreign stakes in major insurance firms and investments in manufacturing and asset reconstruction sectors.